ZachXBT Teases Major Insider Trading Investigation

A new wave of tension is building across the cryptocurrency sector after prominent on-chain investigator ZachXBT announced that he will soon release findings from what he describes as a major investigation into one of the most profitable companies in the industry.

The teaser, shared publicly, alleges that multiple employees at the unnamed firm have been abusing access to internal data to conduct insider trading over an extended period. With the promised disclosure scheduled for February 26, speculation is intensifying across trading communities and industry circles about which company could be implicated and what the potential fallout might look like.

In his statement, ZachXBT described the upcoming report as a “major investigation targeting one of the most profitable companies in the crypto space,” adding that the findings will reveal long-running misuse of privileged information by insiders. The allegation centers on employees allegedly leveraging non-public data, such as listings, treasury movements, or strategic decisions, to trade ahead of the market.

The announcement alone has already triggered widespread debate, as insider trading remains one of the most sensitive issues in digital asset markets. Unlike traditional finance, where regulatory frameworks are more established, crypto still operates across fragmented jurisdictions, leaving enforcement uneven and often reactive.

NEW: Major investigation dropping February 26 on one of crypto’s most profitable businesses where multiple employees abused internal data to insider trade over a prolonged period of time. pic.twitter.com/Losou2CZ2N

— ZachXBT (@zachxbt) February 23, 2026

If substantiated, the claims could spark regulatory scrutiny, internal audits, and reputational damage not just for the company involved but potentially for the broader sector, which has spent recent years trying to rebuild trust following multiple high-profile controversies.

Although ZachXBT did not name the company, public discussions quickly turned to the most profitable crypto firms historically identified in industry reports. Rankings from 2025 frequently placed companies such as Tether, Pump.fun, Binance, Coinbase, Circle, Strategy, and Kraken among the top earners in the sector.

While there is no evidence linking any specific firm to the allegations at this stage, the mere association with profitability rankings has fueled intense speculation on social media and trading forums. Analysts caution that such conjecture can be misleading, noting that investigations often focus on operational patterns rather than headline revenue figures.

Still, the possibility that a major industry player could face accusations of systemic insider trading has raised concerns about governance standards and compliance practices across centralized and hybrid crypto businesses.

新晋吃瓜日：02.26